EU’s 6 biggest economies agree on capital markets supervision
Finance ministers from the EU’s six biggest economies (E6) have agreed a common position on a European Commission proposal for joint capital markets supervision, Germany’s finance ministry said on Friday. The push for financial market players to be supervised at a European Union rather than national level is part of a bid to boost the bloc’s competitiveness as it struggles with weak growth and fierce competition from the United States and China. Supervision of significant market...
Original source: South China Morning Post